Spaces For Lease

at 86 E University Pkwy

86 E University Pkwy AVAILABLE, Now

Floor 1

Size 45,233 SF

Type RETAIL

Rate Contact for pricing

Lease Type NNN

Sublease No

- 45,233 SF Available Now (Former Painted Tree) - Excellent Co-Tenancy - Prime Retail Corridor - NNN: $5.22/SF - High Traffic Counts - 60,134 ADT on University Parkway - 49,325 ADT on State Street

Contact us

Listing Agency: Newmark Mountain West - Corporate Show Phone

Listed By: Andy Moffitt · License #6797474-SA00 Show Phone

Source: Moodyscre

Added: Apr 9, 2024 Changed: Oct 26 Last Checked: Oct 28 at 4:58AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Mountain West - Corporate

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Investment Insights

Based on property information with market context.

A retail space totaling approximately 45,233 SF is available now and was formerly occupied by Painted Tree. The property is offered under an NNN lease structure.

The center benefits from strong area traffic, with 60,134 ADT reported on University Parkway and 49,325 ADT reported on State Street. The listing also notes excellent co-tenancy within the surrounding retail mix.

For leasing context, the NNN rate is stated as $5.22/SF.

Key Highlights

• 45,233 SF retail space available now (former Painted Tree)
• On University Parkway with 60,134 ADT
• On State Street with 49,325 ADT

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lucky Clover Designs ... Interior Design Painted Tree Boutiques ... Shopping Center & Mall Seeking Good (Bike/Boat/Book/etc) Store Rachel's Refuge (Bike/Boat/Book/etc) Store The Warehouse - Orem Furniture & Home Goods

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Catering Service HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60,134 VPD

Traffic count

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,284

Businesses Nearby

327k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 48% Dining 26% Home Improvements & Furnishings 12% Electronics 8%

Lowe's Home Improvements & Furnishings

28,208 visits/mo 0.4 miles

Best Buy Electronics

27,616 visits/mo 0.3 miles

Michaels Shops & Services

25,306 visits/mo 0.1 miles

Golden Corral Dining

25,264 visits/mo 0.4 miles

Jo-Ann Fabric and Craft Shops & Services

24,203 visits/mo 0.1 miles

Demographics for 84058, UT

33,734

Population

11,749

Households

2.9

Avg Household Size

26

Median Age

41%

College-Educated

93%

High-School Grad

8.0 sq mi

ZIP Area

4,217

Density / Sq Mi

$71,474

Median Household Income

$27,325

Median Earnings

$1,395

Median Rent

$441,900

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Orem State Street Plaza — 1666 State St, Orem, UT 84097
• Painted Tree Boutiques - Orem — 86 E University Pkwy, Orem, UT 84058
• Lake Pointe Shopping Center — 296 W University Pkwy, Orem, UT 84058
• Carillon Square — 309 E University Pkwy, Orem, UT 84058
• University Crossing — 386 E University Pkwy, Orem, UT 84058

Frequently Asked Questions

What type of property is this?

Shopping center - Approximately 45,233 SF available now, formerly Painted Tree, with high traffic counts along University Parkway and State Street.

Where is this shopping center located?

The property is located at 86 E University Pkwy Orem, UT.

What are key features of this property?

This property features: 45,233 SF retail space available now (former Painted Tree); On University Parkway with 60,134 ADT; On State Street with 49,325 ADT